Social Credit policy

Press, 12 April 1979, Page 16

Social Credit policy

Sir, — What is your special knowledge that enables you to contradict Social Credit’s manifesto and candidates to claim that wholesale “centralised and bureaucratic government of the economy” is Social Credit’s real plan? A series of election policy releases last November advocated a system of money creation answerable to Parliamentary statute, only, rather than Government or civil service order, as the extent Social Credit would -centralise the economy. More open, participatory government, civil liberties safeguards, local account holder direction of community savings banks, incentives to credit unions and small businesses, and a limit on the level of death duties and taxation exacted, would balance necessary central control of money creation. Social Credit is committed to building an economic democracy of owner-operators, co-oper-ative and worker share-own-ership. A nation of individual proprietorship is only possible when a socially responsible, scientifically managed monetary system replaces the present set-up able to be abused by grasping governments and financial monopolists alike. — Yours, etc., G. A. GLOVER, Social Credit candidate, Papanui. April 9, 1979. [Our knowledge is not special; it is based on Social Credit publications, and we are aware, as our article said, that the policy can be represented as a highly democratic philosophy and financial system. We do not accept that interpretation. — Editor.]